B. Riley Financial Has Lowered Expectations for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) had its target price cut by stock analysts at B. Riley Financial from $25.00 to $22.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial‘s price objective would indicate a potential downside of 0.89% from the stock’s current price.

A number of other equities analysts have also recently commented on AOSL. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Needham & Company LLC cut their target price on Alpha and Omega Semiconductor from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. Finally, Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.40.

Read Our Latest Research Report on Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Trading Up 20.1%

Shares of NASDAQ:AOSL traded up $3.72 during trading on Friday, reaching $22.20. The company’s stock had a trading volume of 128,366 shares, compared to its average volume of 632,933. The stock has a market capitalization of $672.71 million, a PE ratio of -15.83 and a beta of 2.69. Alpha and Omega Semiconductor has a 12 month low of $17.01 and a 12 month high of $54.34. The firm’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $30.25.

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The company had revenue of $177.76 million for the quarter, compared to analysts’ expectations of $176.20 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Research analysts anticipate that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Alpha and Omega Semiconductor by 877.0% in the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 991 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Alpha and Omega Semiconductor by 2,008.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,165 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Alpha and Omega Semiconductor in the 2nd quarter worth about $40,000. GAMMA Investing LLC lifted its holdings in Alpha and Omega Semiconductor by 15.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 541 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $182,000. 78.97% of the stock is currently owned by institutional investors.

Key Headlines Impacting Alpha and Omega Semiconductor

Here are the key news stories impacting Alpha and Omega Semiconductor this week:

Alpha and Omega Semiconductor Company Profile

(Get Free Report)

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a semiconductor company that designs, develops and supplies power management products. Its portfolio includes power MOSFETs, power integrated circuits, transient voltage suppressors, insulated-gate bipolar transistors and other power semiconductor devices used to manage, convert and protect electrical power.

The company’s products are used in applications including personal computers, servers, telecommunications equipment, consumer electronics, industrial systems, automotive equipment and power supplies.

Further Reading

Analyst Recommendations for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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